The following Cash Secured Put (CSP) positions were established today. All prices include IB commissions.
| Stock | Price | Opt | Strike | OTM | Delta | ProbOTM | ExpDate | Days | Invested | Premium | ROI | AROI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| XLK | $88.81 | P | $76.00 | -14.42% | 7 | 93% | 5/15/2020 | 17 | $7,600.00 | $33.90 | 0.45% | 9.58% |
| XLP | $59.43 | P | $56.50 | -4.93% | 17 | 83% | 5/15/2020 | 17 | $5,650.00 | $30.27 | 0.54% | 11.50% |
| XLU | $59.66 | P | $55.00 | -7.81% | 14 | 86% | 5/15/2020 | 17 | $5,500.00 | $32.90 | 0.60% | 12.84% |
| XLV | $99.87 | P | $92.00 | -7.88% | 12 | 88% | 5/15/2020 | 17 | $9,200.00 | $40.90 | 0.44% | 9.55% |
With the market unstable due to COVID-19, I've decided to look at the S&P sector ETF's for opportunities, rather than my usual dividend stocks. I'm a bit hesitant to jump into any individual stocks at this moment, so these ETF's provide a good alternative. Checking the Sector Tracker I see that the following sectors have faired pretty well during this downturn, so I established CSP's in all 4.
- Consumer Staples (XLP)
- Health Care (XLV)
- Technology (XLK)
- Utilities (XLU)
